Oracle reported quarterly profit above Wall Street expectations as the world's No. 2 business software maker posted an unexpected increase in sales of its computer programs.
The news stoked hopes that technology spending is on the mend after it collapsed a year ago in the recession. Oracle, which reports earnings a month ahead of its peers, is seen as a bellwether for the industry because of its size.
The software giant said it earned 39 cents a share excluding one-time items in its fiscal second quarter, compared with 34 cents a share this time last year.
Sales for the most recent quarter reached $5.86 billion, up from $5.69 billion in the same period last year.